What is AFL's dilution risk score?

AFL has a latest available DilutionScore record of 15/100, categorized as low dilution risk by the DilutionWatch scoring model. DilutionWatch displays SEC filing and dilution indicators for AFL, including shelf registrations, ATM offerings, warrant exercises, PIPE deals, and reverse split signals when detected in source data.

What SEC filings does DilutionWatch track for AFL?

DilutionWatch tracks 25 SEC filing types for AFL including S-3 shelf registrations, 424B prospectuses (ATM offerings), S-1 registration statements, 8-K material events, warrant exercise notices, convertible note agreements, and Form 4 insider transactions. Alerts are delivered via email within minutes of a filing appearing on EDGAR.

How does stock dilution affect AFL shareholders?

Stock dilution occurs when a company issues new shares, reducing the ownership percentage of existing shareholders. For AFL, common dilution events include at-the-market (ATM) stock offerings, shelf registration drawdowns, warrant exercises, and convertible note conversions. Each event increases the share count and can pressure the stock price lower.

Is DilutionWatch free for AFL tracking?

DilutionWatch provides a free tier that shows DilutionScores and basic filing history for AFL. Premium plans ($19.95/month Basic, $39.95/month Premium) unlock real-time email alerts, the full Pulse™ feed, advanced dilution forecasts, and access to all 10,000+ tracked tickers.

AFL Dilution Risk Score: 15/100 (LOW)

Score Breakdown

📋 Offering Ability

💰Cash Runway—

📊 Float Risk

⚠️ Warrant Exposure

🔄 Convertible Debt

Dilution Forecast

⛅

Watch

Minor dilution signals detected

model est. 10%

💰 Capital Raise model 20%

• Active shelf registration ($5920M, 10% of market cap)

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Market Data

Market Cap$58.10B

Shares Outstanding501.34M

Float504.66M

Cash$6.12B

DebtN/A

Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

Field	Current Value	Basis
DilutionScore	15/100	DilutionWatch score record
Shares Outstanding	501.34M	Verified float table or market cache
Public Float	504.66M	Verified float table or market cache
Market Cap	$58.10B	Market data cache
Cash Runway	Not applicable / unavailable	DilutionWatch score inputs
Shelf Capacity	$5.92B	SEC-derived dilution fields
ATM Capacity	None in current score inputs	SEC-derived dilution fields
Outstanding Warrants	None in current score inputs	SEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 5.

Recent SEC source mix: 4 3, EFFECT 1, S-3 1.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

QoQ: ↑ 19.9% shares (2026Q1 vs prior)

1663 institutional holders · 437.93M shares

#1 VANGUARD CAPITAL MANAGEMENT LLC 60.51M shares

#2 Japan Post Holdings Co., Ltd. 51.97M shares

#3 BlackRock, Inc. 36.21M shares

+ 17 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest11.65M

Days to Cover5.2

% of Float2.3%

FINRA data as of Sep 30, 2026

Recent SEC Activity

4 INSIDER TRANSACTION 2026-09-10

EFFECT EFFECT 2026-05-01

S-3 SHELF 2026-04-23

4 INSIDER TRANSACTION 2026-04-13

4 INSIDER TRANSACTION 2026-04-10

Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual AFL Dilution Snapshot

Aflac Incorporated (AFL) has a DilutionScore of 15/100, rated Low dilution risk. Score date: October 13, 2026.

Stored shelf registration capacity: $5.92B.
Recent SEC activity tracked for AFL: 4 on 2026-09-10; EFFECT on 2026-05-01; S-3 on 2026-04-23.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

AFL's DilutionScore has held steady at 15/100 (Low risk) for 89 consecutive days across the tracked period.

Period	Score	Risk Level	Duration
Jul 16 – Oct 13, 2026	15/100	LOW	89 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

AFL shares outstanding have decreased 0.3% from 510.53M (May 2026) to 508.98M (May 2026). Each increase represents potential dilution to existing shareholders.

Date	Shares Outstanding	Public Float	Change
May 09, 2026	508.98M	504.67M	▼ 0.30%
May 03, 2026	510.53M	506.25M	▼ 1.13%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

Track AFL Dilution Risk in Real-Time

DilutionWatch monitors SEC filings 24/7 and alerts you the moment AFL files a shelf registration, ATM offering, warrant notice, or convertible note. Free tier available — no credit card required.

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📖 Dilution Education

→ Complete Dilution Guide for Retail Investors → Anti-Dilution Provisions Explained → Stock Dilution Red Flags to Watch → Understanding Shelf Registrations

AFL — Aflac Incorporated Dilution Risk Tracker